Notes to the Financial Statements
5.5.3 Impact of contracts recognised in the period
Non-onerous contracts originated
Onerous contracts originated
Total
2024
$’000
$’000
$’000
Insurance contracts issued Claims and other directly attributable expenses
126,777
71,136 2,093
197,913 33,860 231,773
Insurance acquisition cash flows
31,767
158,544 (221,371)
73,229
Estimates of present value of future cash outflows Estimates of present value of future cash inflows
(72,068)
(293,439)
Risk adjustment for non-financial risk
6,628 56,199
4,285
10,913
CSM
— 56,199
Increase in insurance contract liabilities from contracts recognised in the period
— 5,446
5,446
Non-onerous contracts originated
Onerous contracts originated
Total
2023
$’000
$’000
$’000
Insurance contracts issued Claims and other directly attributable expenses
118,688
68,835
187,523 34,344 221,867
Insurance acquisition cash flows
31,917
2,427
150,605
71,262
Estimates of present value of future cash outflows Estimates of present value of future cash inflows
(205,559)
(69,850)
(275,409)
Risk adjustment for non-financial risk
6,432
4,518
10,950
CSM
48,522
— 48,522
Increase in insurance contract liabilities from contracts recognised in the period
— 5,930
5,930
144
ClearView Annual Report 2024
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